Equity is a driving force in building wealth, and selling your house before building any equity can be disheartening. Sometimes, this can lead to sellers owing money at the closing table. If you don’t have any equity in your home, this blog post might just be what you’re looking for. So read on as we explore selling a house with no equity in Dayton, Nevada and the surrounding areas.
Short Sale
After attaining the approval of their lender to sell for less than the amount still owed on the original mortgage, short sales allow homeowners to sell a house with no equity in the Dayton area. If you are planning on going this route, hopefully, you are prepared to play the waiting game as you’ll be doing a great deal of leg work to get offers approved. If the lender agrees to accept less than you owe for the mortgage, you can avoid the foreclosure process, but as mentioned, this can take a long time to get approved, and in some instances, it may be better to let the property go to foreclosure. Expect your credit score to lower for the short sale, but not as low as a foreclosure would take it, and the information will appear on your credit report for seven years. As for attaining a new mortgage, you may need to wait for one to four years, depending on many factors, unlike with a foreclosure, where the consequences are more severe. Reach out to us and we can refer you to one of the best agents to help you navigate this lengthy process. If you’d prefer not to go down this route, Professional home buyers like those at Envy Property Solutions, LLC are highly seasoned local investors who want to help their neighbors here in Dayton and the surrounding area sell their houses for the most profit in the way that is most beneficial to personal and financial circumstances. At Envy Property Solutions, LLC, our team of professionals will advise you on what we believe is the best way to sell your house with no equity, no matter how you decide to sell, and regardless if it’s us or with a real estate agent.
Owner Financing
One way to sell a house with no equity in Dayton, Nevada is by finding a willing owner-financing buyer. Generally, these buyers don’t qualify for conventional loans because of credit issues and sometimes need time to get their finances together. There are many benefits to selling through owner financing if you’re willing to take on the risks of working with this category of buyers. Being mindful of the laws governing real estate, you can make a quick sale and earn an income stream from the property, for many years if you chose, and you won’t have to do any of the maintenance or upkeep as the buyer is responsible for the property. But if they walk away from the property, then it reverts back to you and becomes your responsibility again. In addition, you could take a financial hit if they vacate and leave your house in disrepair. People who buy houses like those at Envy Property Solutions, LLC can help you weigh the pros and cons of owner financing. The reputable buyers at Envy Property Solutions, LLC will detail the numbers you could expect to earn, all the risks involved, and help you understand the best sales method for your house, given your current circumstances.
Direct Sale
The best way to sell a house with no equity in Dayton and the surrounding area is a direct sale to a home buying company, such as Envy Property Solutions, LLC. At Envy Property Solutions, LLC we can give you a guaranteed closing within a week or two, of course, if that is too soon, we can work with you on a date that better suits your needs, just ask us about a flexible date. You can avoid the hassles of a short sale or foreclosure altogether. Furthermore, you won’t need to worry about spending a penny out of pocket to do all the prep work needed to make the home more appealing to buyers or do any of the repairs or costly renovations. In addition, you can skip having multiple strangers in your home and completely eliminate the entire showing process altogether with a direct sale because we buy houses in as-is condition, and of course, we pay cash for houses with no equity, making the selling process fast and easy as selling a house can be. Finally, we’ll compare our no-obligation cash offer to all your options so you can make an educated decision because John and his team at Envy Property Solutions, LLC want you to feel good about working with us long after closing. You won’t pay commissions, and there are no hidden fees that blindside you at closing; our offer is the amount paid at closing because of our full-service in-house team of industry specialists. Your best option to sell a house with no equity in the Dayton area is a direct sale to a local and reputable buyer at Envy Property Solutions, LLC. Just give Envy Property Solutions, LLC a call today at (775) 391-5236 and let us help you find the best solution for your situation, even if it’s not us. We look forward to talking with you.